The mall opened in 1985 as Funan Centre as a general shopping centre, but began to attract a critical mass of electronic and IT retailers over the years. Its main and long-time anchor tenant is Challenger Superstore, a major homegrown IT store established in 1984. In 1992, the mall was refurbished. It later adopted the name Funan The IT Mall in 1997 to reflect its current focus on IT related outlets. In 2005, the mall received minor upgrades, and was again renamed to Funan DigitaLife Mall.

There are a total of 178 outlets spread over six floors. Challenger Superstore occupies almost the entirety of the sixth floor, and is accompanied by other anchor tenants such as Harvey Norman in the other floors.